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Markets Live Recap: Stocks Today Inched Higher Thanks to Apple

Stocks traded lower to start the week as investors assessed an uptick in coronavirus cases and the pace of the economic recovery.

Shares of American Airlines Group Inc. (NASDAQ: AAL) were 6% lower after the company said it was seeing an additional $3.5 billion in new financing to improve the airlines liquidity as it grapples with travel restrictions caused by the coronavirus.

Apple Inc. (NASDAQ: AAPL) dropped over the weekend after the company announced plans to shut down stores in Florida, North Carolina, South Carolina, and Arizona upon rising levels of COVID-19 in these states. But after announcing it would ditch Intel Corp. (NASDAQ: INTC) to produce its own chips, the stock rallied 2.25% today and lead markets higher.

The S&P 500 finished the day 0.5% higher, the Dow 0.4% higher, and the Nasdaq 0.9% higher.

Here's what our experts - Chris Johnson and Tom Gentile - saw throughout the day, including some of their favorite stocks to trade now...

Dow Jones

The Dow Jones Industrial Average Is Clawing Back After the Year's Worst Sell-Off

The Dow Jones Industrial Average will rebound today as investors recover from the worst daily performance of 2019.

The Dow lost over 700 points after China was slow to stabilize its currency.

Monday’s selloff was largely fueled by speculation that China could weaponize the Yuan in order to bolster its exports and strike back at the U.S. over its latest round of tariffs.

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